Shares of Alternet Systems, Inc. (OTC: ALYI) are trading higher after North American Cannabis Holdings, Inc. (OTC: USMJ) announced a Letter of Intent between the two companies, with an end goal of bringing a cannabis retail payment system to market. The LOI is the initial advancement toward a “comprehensive contract” under which Alternet would acquire select assets from North American Cannabis Holdings, potentially enabling Alternet to leverage its financial software industry experience and introduce a cannabis retail payment system.
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About Alternet Systems, Inc.
Alternet Systems, Inc. (ALYI) invests in innovative ways to manage digital commerce, information and payments. With the world becoming increasingly dependent on technological conveniences and advances, Alternet is investing in verticals within the digital commerce space, transforming the legacy electronic payments infrastructure and developing advanced predictive data analytics applications for the mass consumer as well as the telecommunications and financial industries. With strategic investments in these three key, high-growth markets, Alternet is accelerating the future of money and its role in the global demand for these services. The company is guided by a team of executives specializing in entrepreneurial endeavors, innovation, corporate strategy, financial and executive management of multi-national organizations, and a vast network of industry resources. For more information visit www.alternetsystems.com
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